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003			ZW-GwMSU
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008			240819b |||||||| |||| 00| 0 eng d
022			_a00014788
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHD30.4 ACC
100	1		_aBarker, Richard _eauthor
245	1	4	_aWhy is there inconsistency in accounting for liabilities in IFRS? : _ban analysis of recognition, measurement, estimation and conservatism _ccreated by Richard Barker and Anne McGeachin
264	1		_aAbingdon: _bRoutledge _c2013
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aAccounting and business research _vVolume 43, number 6
520	3		_aWe report that International Financial Reporting Standards (IFRS) are inconsistent with respect to the recognition and measurement of liabilities, both in the conceptual framework for financial reporting and in accounting standards themselves. We demonstrate that this arises in part because the International Accounting Standards Board (IASB) does not make a conceptual distinction between the process of measurement, which requires a currently observable measurement attribute, and the process of estimation, which is inherently subjective. The IASB employs only the logic and language of measurement, while actually requiring entities to report both measurements and estimates in financial statements. Our contribution is to identify and interpret this conceptual conflict, to demonstrate that this has particular relevance to accounting for liabilities, and to draw implications for accounting research and policy with respect to recognition, measurement and conservatism.
650			_aConceptual framework _vLiabilities _xAccounting
700	1		_aMcGeachin, Anne _eco-author
856			_uhttps://doi.org/10.1080/00014788.2013.834811
942			_2lcc _cJA
999			_c166780 _d166780